Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by SVB Wealth LLC

SVB Wealth LLC decreased its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 19.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,461 shares of the financial services provider’s stock after selling 2,095 shares during the period. SVB Wealth LLC’s holdings in Ameriprise Financial were worth $3,214,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in Ameriprise Financial during the third quarter worth $25,000. Financial Freedom LLC acquired a new position in shares of Ameriprise Financial during the 4th quarter valued at about $27,000. Carmel Capital Partners LLC acquired a new position in shares of Ameriprise Financial during the 3rd quarter valued at about $30,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Ameriprise Financial in the fourth quarter valued at about $32,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Ameriprise Financial during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Stock Up 0.2 %

Shares of AMP opened at $411.77 on Thursday. The company’s 50-day simple moving average is $416.13 and its 200-day simple moving average is $376.75. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.56 and a current ratio of 0.56. Ameriprise Financial, Inc. has a 1 year low of $279.85 and a 1 year high of $440.67. The stock has a market capitalization of $41.26 billion, a PE ratio of 17.37, a P/E/G ratio of 0.68 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.67 by $0.08. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.90 billion. Ameriprise Financial had a net margin of 16.27% and a return on equity of 77.39%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $6.94 EPS. Analysts forecast that Ameriprise Financial, Inc. will post 34.43 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Friday, February 9th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, February 8th. This represents a $5.40 annualized dividend and a yield of 1.31%. Ameriprise Financial’s dividend payout ratio (DPR) is 22.78%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Evercore ISI increased their price objective on Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Royal Bank of Canada lifted their target price on Ameriprise Financial from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Raymond James initiated coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They issued a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Ameriprise Financial from $420.00 to $460.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Ameriprise Financial currently has a consensus rating of “Hold” and a consensus price target of $441.00.

Insider Buying and Selling at Ameriprise Financial

In other news, CEO William F. Truscott sold 9,689 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the completion of the transaction, the chief executive officer now directly owns 12,126 shares of the company’s stock, valued at $4,731,807.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO William F. Truscott sold 9,689 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $390.22, for a total value of $3,780,841.58. Following the sale, the chief executive officer now directly owns 12,126 shares in the company, valued at approximately $4,731,807.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gumer Alvero sold 1,652 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total transaction of $721,924.00. Following the transaction, the insider now owns 6,994 shares of the company’s stock, valued at approximately $3,056,378. The disclosure for this sale can be found here. Insiders have sold 89,161 shares of company stock valued at $35,560,647 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

Ameriprise Financial Profile

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.